California bans lawmakers from launching memecoins

AB 2409, signed by Gavin Newsom, bans California lawmakers from creating memecoins.

Published 6sem1 sourceNotable

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The fact

The law aims to prevent conflicts of interest following the $TRUMP token precedent.

Donald Trump is explicitly cited as a textbook case in this regulation.

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Auto-synthesis from 1 media source · identified on September 28, 2026